The Impact of COVID-19 Pandemic on Entrepreneurship: Examining the Cases of Egypt, Saudi Arabia, and the United Arab Emirates

Abstract

Purpose: The world has been impacted distinctively by the Covid-19 outbreak. The economic recession in 2020 and 2021 is predicted to become the most intense since World War II. This chapter explores the effects of the Covid-19 epidemic crisis on entrepreneurship and different activities, emphasizing developing economies.

Design/methodology/approach: The work aims first on the major crises that could impact entrepreneurial activity triggered by the pandemic. The authors briefly study the literature on the previous health crisis and its impacts on entrepreneurship. Then, under Covid-19, the authors illustrated the navigational prospects for creativity and entrepreneurship.

Findings: Our research indicates that the pandemic’s impact on creativity and entrepreneurship would be adverse but not hugely harmful. A new opportunity ecosystem under COVID-19 is respected and researched for innovation and entrepreneurship. Simultaneously, the incentives provided by the COVID-19 pandemic for consumer e-commerce adoption in Saudi Arabia are being addressed.

Originality/value: This is probably the first chapter of the book focusing on the impact on the Covid-19 pandemic entrepreneurship. It directly discusses the effects of the Covid-19 pandemic on both the global economy and entrepreneurship dynamics. It also recommends fascinating future-oriented, relevant research areas about helping entrepreneurs solve it and what new prospects are developing for them.

Citation

Sindakis, S. and Aggarwal, S. (2022), "The Impact of COVID-19 Pandemic on Entrepreneurship: Examining the Cases of Egypt, Saudi Arabia, and the United Arab Emirates", Sindakis, S. and Aggarwal, S. (Ed.) Entrepreneurial Rise in the Middle East and North Africa: The Influence of Quadruple Helix on Technological Innovation (Advanced Strategies in Entrepreneurship, Education and Ecology), Emerald Publishing Limited, Leeds, pp. 149-162. https://doi.org/10.1108/978-1-80071-517-220221009